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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Temasek loses final appeal on Indonesian anti-monopoly ruling

Posted on 24 May 2010

From Bloomberg: Temasek Holdings Pte lost a final Supreme Court appeal on a ruling stating the Singapore state- owned investment company breached Indonesia’s anti-monopoly laws.
The Supreme Court in September 2008 upheld a ruling by the nation’s competition regulator, which said Temasek breached antitrust laws by using indirect stakes in PT Telekomunikasi Selular and PT Indosat to fix prices, Junadi Masjhud, a spokesman at the nation’s anti-monopoly body said in an e-mailed statement today………………………………………Full Article: Source


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